The New York Times’ Farhad Manjoo recently wrote an oddly lamenting piece about how “the Uber model, it turns out, doesn’t translate.” Manjoo describes how so many of the “Uber-of-X” companies that have sprung up as part of the so-called sharing economy have become just another way to deliver more expensively priced conveniences to those with enough money to pay. Ironically many of these Ayn Rand-inspired startups have been kept alive by subsidies of the venture capital kind which, for various reasons, are starting to dry up. Without that kind of “VC welfare,” these companies are having to raise their prices, and are finding it increasingly difficult to retain enough customers at the higher price point. Consequently, some of these startups are faltering; others are outright failing.

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